In the above figure, if the firm increases its output from Q1 to Q2, it will
A) reduce its marginal revenue.
B) increase its marginal revenue.
C) decrease its profit.
D) increase its profit.
D
You might also like to view...
The invention of the integrated circuit by Jack Kilby of Texas Instruments gave rise to the information age. What did this technological change do the short-run supply curve?
A) It moved the economy up along a stationary short-run aggregate supply curve. B) It shifted the short-run aggregate supply curve to the left. C) It shifted the short-run aggregate supply curve to the right. D) It moved the economy down along a stationary short-run aggregate supply curve.
Which of the following is NOT a government-sponsored enterprise?
A) Fannie Mae. B) Freddie Mac. C) Federal Home Loan Banks. D) Ginnie Mae.
Bank capital will decline following an increase in interest rates if the value of its
A) fixed-rate assets is greater than the value of its fixed-rate liabilities. B) fixed-rate assets is less than the value of its fixed-rate liabilities. C) fixed-rate assets is greater than the value of its variable-rate assets. D) fixed-rate liabilities is greater than the value of its variable-rate liabilities.
Discuss the controversy surrounding affirmative action. How does this controversy illustrate the trade-off between equality and efficiency?
What will be an ideal response?